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, but their government works. what they are doing makes sense. chrysler has been forced to rehire employees caught drinking and possibly smoking marijuana during a lunch break. the fox affiliate in detroit took this video in 2010. 13 workers were fired and go suspended. the union-backed arbitration process ordered them reinstated. they came back to work this week. chrysler says it does not agree with the decision, but it's time to move on. and hundreds of michigan teachers called in sick or took vacation days today. most were believed to be participating in union protests against michigan's right-to-work legislation now law. that we told you about earlier in the program. at least two entire school districts had to shut down today. meanwhile the department of education is giving michigan students he some very poor grades. it says 72% of public school eighth graders are not proficient in reading and 69% are not proficient in math. math is at the center of our next story. democrats are claiming they have already voted to take a trillion-dollar bite out of the budget deficit through spending cuts. ton
piece of the future buying cycle. a nice silver lining. david: now chrysler is an italian car company. the italians, the parent company is going to awful times. quitting because of the sales. is there any possibility. now they are not supposed to do this, but is there any possibility tie-ins will pour some of the profits they're making from chrysler here and use them to pay out the parent company in italy? >> i suppose the possibilities are always there. certainly talking about a global company to the extent you're doing better in one market and then another is always a bit of shifting around. at this point i think north america for all the automakers has really become a strong point. hopefully we can move forward, result in undermining uncertainty and go into a strong 2013 in terms of auto sales. david: the u.s. may be doing well but europe is doing terrible. chief economist, thank you very much, good to see you. it has been a rough year for corporate america with the government fining businesses $1.1 billion in antitrust funds. we have the exclusive details. liz: ever wonder what it
read his books. why he thinks there is too many holes even for fiction. >> remember those chrysler workers caught drinking and going ba to work and make cars, yours cars, our cars? they just got their jobs back. [ female announcer ] beef, meet flavor boost. flavor boost, meet beef. it's swanson flavor boost. concentrated broth to add delicious flavor to your skillet dish in just one stir. mmm! [ female announcer ] cook, meet compliments. get recipes at [ female announcer ] cook, meet compliments. music: "make someone happy" music: "make someone happy" ♪it's so important to make someone happy.♪ it's so important to make meone happy.♪ ♪make just one someone happy ♪and you will be happy too. is bigger than we think ... sometimelike the flu.fer from with aches, fever and chills- the flu's a really big deal. so why treat it like it's a little cold? there's something that works differently than over-the-counter remedies. prescription tamiflu attacks the flu virus at its source. so don't wait. call your doctor right away. tamiflu is prescription medicine for tre
to bail out detroit, especially after we bailed out gm and chrysler already. >> larry, i say let it fail. i'm sorry. you have. to i want those people to have local control. they fought for that local control. they should have a vote. the citizens of the city of detroit should have a vote. but it should fail when it goes wrong. that's what has to happen. the good news is we've now got in michigan as of yesterday we've got legislation pass today make michigan a right to work state. that's going to have a big impact down the road. >> i like that. i like the failure idea. free market capitalism is about success and failure. and as the great free market capitalist nobel prize winner wrote, of the two, doc, sometimes failure teaches us more than success. i like your point very, very much. all right. doc thompson coming out of detroit, thanks very much. >>> now let's talk about the cuts plan for the federal workforce. with the countdown to the fiscal cliff at 24 days, the "washington post" reporting today that federal agencies are sharpening their plans before spending cuts, layoffs, fur lows a
, and chrysler, our in my opinion made sacrifices so we could get more economic development, more product, investment, billions of dollars is going into michigan because of unions and collective bargaining helping not just union workers but workers, all workers throughout the state. and you know, chris, and i know, in right to work states, average income is down, average wages is down, not as much pension or retirement security is in union states, less spending on k through 12 education, less spending on infrastructure. why? because workers make less, less tax revenue coming in. right to work is bad for americans. >> why do people like the koch brothers oppose unionization, mr. hagerstom. >> unions will stont to thrive and to go forward. this gives individuals the right to determine what happens to their hard-earned money. you do not have to give your hard-earned money to a private organization to keep your job. it's that simple. it's that sirm. this is going to move michigan forward. it's going to move our state forward, allow us to compete for great paying jobs. we believe the uaw, they
pass in michigan? >> the irony is yesterday chrysler announced $120 million investment in michigan. 115 new jobs. michigan has helped lead the economic comeback for this country in part because of historic collective bargaining agreements between the detroit three and the united autoworkers. we have a labor management partnership that works. this, as you said was about politics. it was about gutting organized labor and the irony is i work for a labor management fund connected with a laborer's union and we invest almost $5 million a year in apprenticeship and training programs. we operate skilled workers to build complicated infrastructure projects like the governor wants to build in this state. so it will make michigan less competitive. it puts us in a race to the bottom with low-wage, low-skill states, that's bad for our state. >> eliot: tim, you were one of the leaders in the legislature. many of us looking at michigan and think is a state that voted for president obama. just re-elected debbie stabenow
know gm is still in trouble financially. chrysler isn't even an american company anymore, it's owned by the italians. it has been a colossal disaster, and it's going to continue to be. the unions with their work rules and exceptions and restrictions on workers -- not so much the paycheck. most of the three big japanese makers in the south that are not dominated by unions do not have those work rules, but they pay about the same dollars per hour in many wages. so the wages can be paid, it's the crazy union work rules and defending people who drink on on the job, for example, that cause problems that are running american business out of the country. alisyn: all right. lars larson, leslie marshall, kudos for being able to debate over the cacophony coming out of lansing. >> hey, we didn't have any beeps. >> kick those union thugs out. alisyn: thank you so much. >>> meanwhile, a popular u.s. retailer now under fire for including a series of profanity-laced items in its annual christmas catalog. why they did it. >>> plus, a 6-year-old girl near death from leukemia making a miraculous recov
over the years, g.m. and chrysler products. over half of the new york stock exchange, half the fortune 500, being credit card business in our state. the coast of our state is the site of the nation's summer capital, rehoboth beach and a bunch of other places. the letter "c" has been pretty big. people say why do they call you the first state? we're the first colony that threw off the yoke of the british tyranny and at the same time said pennsylvania take a hike, we want to be a state on our own. 225 years from tomorrow to be exact, the first state to ratify the constitution. but we have the best beaches in the country. last year i think there were four or five-star beaches in america, two in delaware. rehoboth and dewey. the best air force base in the world. we have, i think, the finest judiciary, finest judicial system in the state. we have the best financial controls and financial controls and cash management system. we have a triple-a credit rate system. we continue to have that kind of credit rating. we're proud of being first in our state -- our state motto is it's good to be firs
motor co. ceo alan mulally said at the time, "we believe that if gm and chrysler would have gone into free-fall bankruptcy, they would have taken the supply base down and the industry down and turn the u.s. recession into a depression." that is the teaching moment about the power of the overall innovative skill said, the supply chain, and what that means for our capacity to compete when the company that would have been left standing thought they might have gone down as well. there is so much to say. i wanted to make these viewpoints, overall perspective, talk about manufacturing and research and skills, and i'm very happy to take your questions going forward. [applause] >> i think we have time for a few questions. i will call on people. if you could wait until he comes around with the microphone. >> thank you. aig investments. my question goes to innovation funds, which you brought out. at what stage are you focusing on with respect to either expansion or start-ups? on an execution basis, what is the regional plan as far as national strategy? >> look, i think for those of us in a
ceo said at the time, and i quote, we believe that if gm and chrysler gone into freefall bankruptcy they would have taken the supply base down and taken the industry down, but maybe turn the u.s. recession into a depression, closed quote. that is a teaching moment about the power of the overall innovative skill set, the supply chain, and what that means for our capacity to compete when the company that would've been left standing thought they might have gone down as well. so, there's so much to say. i want to make these viewpoints, overall perspective, talk a little bit about manufacturing, about research and develop skills, and i'd be very happy to take your questions going forward. [applause] >> we have time for a few questions. i will call on people. if you can wait for christine to come around with a microphone. >> thank you. rob, invest in state we're in manufacturing invested in 20 states. my question goes to innovation funds which you brought it. at which stage are you focusing on? is it with respect to either extension or the startups? then on an execution basis, which the r
Search Results 0 to 10 of about 11 (some duplicates have been removed)